Pulau MelakaPulau Melaka is a man-made island sited in the vicinity of Melaka.

Pulau Melaka

Pulau Melaka is a man-made island sited in the vicinity of Melaka. Linked to the mainland via a 30 meter bridge, this 50 ha island comprises of residential and commercial properties which are built since the year 2005 onwards. Once the entire development is completed, this freehold island is expected to get a gross development value of RM1.46 billion.

Pulau Melaka offers a total of 4,387 residential units and 4,180 commercial units to date and there are numerous other developments which are currently being developed in this place. The residential development in this place have built-up which begins from 700 sf, meanwhile, the commercial units comes with built-up which begins from 665 sf built-up. Moreover, this residence also comes with facilities namely recreational facilities, playground, jogging track, gymnasium, surau, 24-hour security, shopping mall and mosque.

Analysis

Pulau Melaka used to be an abandoned man-made island, which is expected to get boost after the completion of a new shopping mall. This unique island comes with several residential, as well as commercial properties and more are expected to be built in the future. The residential properties in this area got a subsale price which begins from RM320,000 currently, while the commercial properties comes with subsale price which begins from RM90,000, depending on the unit’s built-up.

Furthermore the properties in Pulau Melaka also comes with rental value from RM1,200 onwards for the terrace and condominium, as well as RM4,000 onwards for the office and shop lots units. This island is expected to be a tourist attraction and The Malaysia Eye Ferris Wheel is the biggest attraction of this island, followed by the floating mosque. In general, this is a good place to settle sown as this place is expected to be developed rapidly in coming years.